Seeks to rationalize late fee imposed under section 47 of the CGST Act, 2017 for late filing of return in FORM GSTR-4 from FY 2021-22 onwards (amendment to notification No. 2311-F.T. dated 29.12.2017)

Seeks to rationalize late fee imposed under section 47 of the CGST Act, 2017 for late filing of return in FORM GSTR-4 from FY 2021-22 onwards (amendment to notification No. 2311-F.T. dated 29.12.2017) https://www.taxtmi.com/notifications?id=135927 Amendment inserts a proviso waiving the total late fee under section 47 for financial year 2021-22 onwards for registered persons who fail to furnish FORM GSTR-4 by the due date: waiving amounts in excess of specified thresholds where state tax payable in the return is nil, and a higher threshold for other registered persons; the amendment amends notification No. 2311-F.T. dated 29-12-2017 and is effective from 1 June 2021. en-us Mon, 14 Jun 2021 00:00:00 +0530 Mon, 21 Jun 2021 19:04:00 +0530 TaxTMI RSS Generator Seeks to rationalize late fee imposed under section 47 of the CGST Act, 2017 for late filing of return in FORM GSTR-4 from FY 2021-22 onwards (amendment to notification No. 2311-F.T. dated 29.12.2017) https://www.taxtmi.com/notifications?id=135927 Amendment inserts a proviso waiving the total late fee under section 47 for financial year 2021-22 onwards for registered persons who fail to furnish FORM GSTR-4 by the due date: waiving amounts in excess of specified thresholds where state tax payable in the return is nil, and a higher threshold for other registered persons; the amendment amends notification No. 2311-F.T. dated 29-12-2017 and is effective from 1 June 2021. Notifications GST - States Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135927